MUON Token
Distribution Plan
The total (and max) supply of $MUON is 1 billion tokens. The following chart illustrates how MUON will be distributed. (Click on the image to see a larger-scale version.)
Vesting & Staking
Prior to migrating the PION - the Canary network's native token - a snapshot vote was held. Based on the results of the community vote, the following vesting and staking plans were put into action at launch.
Vesting: 90% of MUON allocations are locked for one year and released on a daily basis over the twelve months.
Staking: 10% of MUON allocations - including any MUON migrated from liquid PION - are staked (or auto-delegated) as node power. This amount can be un-staked at any time, but there is a two-week cooldown period.
To see the status of your staked amounts, see Muon Node Operating Dashboard.
To see your delegated amounts, refer to Muon Delegators Dashboard.
Utility
$MUON forms the Muon’s backbone and has been designed to incentivize the protocol's participants in the most efficient way and maximize value, with regards to tech development, marketing/community and incentives.
There are four major utilities for $MUON:
Node Operations
Fees
Liquidity
Governance
Node Operations
Muon is powered and secured by a network of nodes which validate and sign the requested data. To protect the network against any potential fraudulent activity, nodes must stake $MUON as collateral, and, in return, they earn rewards for keeping the protocol secure and decentralized.
Fees
$MUON serves the same purpose as any gas token: user fees funds the protocol expenses, such as node operation. Muon has a modular and chain-independent fee structure; fees can be paid on one chain, but used for data requests on any chain.
Liquidity
Getting listed on DEXes will provide opportunities for users to supply liquidity with their $MUON, and be rewarded for doing so.
Governance
Part of the future will be the Muon DAO. This governance structure will see a decentralized initiative towards decision making around the direction of Muon elements. $MUON holders who wish to have greater say in the project will be able to contribute to the DAO.
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